Wellgistics Health, Inc. (NASDAQ:WGRX) Short Interest Update

Wellgistics Health, Inc. (NASDAQ:WGRX) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 796,832 shares, a growth of 23.9% from the January 15th total of 643,020 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 322,160 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 322,160 shares, the short-interest ratio is presently 2.5 days. Approximately 1.6% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellgistics Health in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wellgistics Health Price Performance

WGRX stock opened at $0.26 on Wednesday. The business’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.69. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.39 and a quick ratio of 0.16. The firm has a market capitalization of $23.11 million and a P/E ratio of -0.22. Wellgistics Health has a 1 year low of $0.25 and a 1 year high of $7.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heights Capital Management Inc. purchased a new stake in shares of Wellgistics Health in the 3rd quarter valued at approximately $2,588,000. Geode Capital Management LLC grew its stake in shares of Wellgistics Health by 81.0% during the fourth quarter. Geode Capital Management LLC now owns 487,383 shares of the company’s stock worth $195,000 after purchasing an additional 218,170 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Wellgistics Health in the third quarter valued at $89,000. Finally, Raymond James Financial Inc. increased its holdings in Wellgistics Health by 593.8% in the third quarter. Raymond James Financial Inc. now owns 58,421 shares of the company’s stock valued at $52,000 after buying an additional 50,000 shares during the last quarter.

Wellgistics Health Company Profile

Founded in 2022, Wellgistics Health is a holding company for various existing and planned strategic businesses centered around pharmaceuticals and healthcare services. As a micro health ecosystem, our portfolio of companies consists of a pharmacy, wholesale operations, and a technology division with a novel platform for hub and clinical services. We are focused on improving the lives of patients while delivering unique solutions for pharmacies, providers, pharmaceutical manufacturers, and payors.